MIPS Presentation for 2010 TU Showcase

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On 4/14/10 at the 2010 TU Showcase Dr. Martha Connolly, Director, Maryland Industrial Partnerships, highlighted programs and funding available for University-Industry collaborations

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MIPS Presentation for 2010 TU Showcase

  1. 1. April 14, 2010<br />TOWSON UNIVERSITY SHOWCASE<br />Maryland Industrial PartnershipsMIPS<br />Martha J. Connolly<br />
  2. 2. Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland<br />MIPS: What is it?<br /> The Maryland Industrial Partnerships (MIPS) program accelerates the commercialization of technology in Maryland by providing matching funds for collaborative R&D projects between companies and University of Maryland faculty. <br />
  3. 3. Maryland Industrial Partnerships<br />Current state annual funding for MIPS is $1.55 M <br />Faculty and students gain funding to engage in commercially-relevant R&D<br />Companies leverage their R&D funding and gain access to faculty expertise, and U-Md facilities<br />Disciplines: Engineering, and computer, physical, life sciences and environmental sciences<br />Proposals are evaluated two ways:<br />Scientific/technical evaluation<br />Business/economic review<br />
  4. 4. Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland<br />Key Points about MIPS<br />MIPS projects are conducted by university faculty in conjunction with company researchers<br />Proposals are evaluated on technical merit and economic development potential<br />Projects are jointly funded by MIPS and companies<br />All funding goes towards university project costs<br />MIPS is win-win-win: <br /><ul><li>Companies leverage their R&D funding and gain access to faculty expertise
  5. 5. Faculty and students gain funding to engage in commercially-relevant research
  6. 6. Accelerates research results into products</li></li></ul><li>Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland<br />Minimum Company Match<br />Large Company Small Company Start-Up Company* <br /> >100 12 to 100 Up to 12<br />50%<br />50%<br />MIPS offers up to $100K/year in matching funds for projects for up to two years. With minimum company contributions, total project value can be:<br /> $220K for startups<br /> $310K for small companies<br /> $400K for large companies<br />Company Share<br />MIPS Share<br />* Plus other requirements<br />
  7. 7. HughesNet (internet via satellite)Hughes Network Systems, Germantown, MD<br />HughesNet is the world's leading broadband by satellite service.<br />$7.4 B in sales to customers in 85 countries.<br />System based on design by Dr. John Baras, Professor of Electrical and Computer Engineering at UM College Park, who worked out protocols for how Internet is delivered by satellite worldwide<br />PI: Dr. John Baras<br />
  8. 8. FormulaidMartek: Columbia, MD<br />Patented blending of nutritional oils (docosahexaenoic acid (DHA) and arachidonic acid (ARA), produced from microalgae<br />Aids in the development of the eyes and central nervous system in newborns.<br />Company has license agreements with thirteen infant formula manufacturers representing more than two-thirds of the world's wholesale infant formula market.<br />95% of US kids under 5 have consumed this product <br />$1.7 B in revenues<br />PI: Dr. Richard Calabrese<br />
  9. 9. Synagis<br />MedImmune (Gaithersburg, MD)<br />Now the 10th best selling biotech drug in the world (past sales approx $7.8 B)<br />Used to prevent respiratory syncytial virus (RSV) disease in infants. <br />MedImmune’s MIPS project “improved [our] knowledge of carbohydrate analysis…and helped in structural testing of Synagis.” <br />-John Hope, MedImmune scientist<br />PIs: multiple<br />
  10. 10. Bullet Speed Tip Masonry Drill Bit<br />Black & Decker (Towson, MD)<br />Unique drill bit design<br />Drills up to two times faster than competitive bits; drills up to six times more holes per battery charge when using a cordless drill<br />Technology is used in DeWalt line of 29 drill bits<br />PI: Dr. Appa Anjanappa, ME, UMBC<br />
  11. 11. CryoSpray Ablation™ System CSA Medical (Baltimore, MD)<br />New device and treatment for Barrett’s esophagus (a pre-cancerous condition)<br />First clinical trails done at UMB <br />Product launched in May, 2007<br />CSA Medical now has >45 people<br />Company recently raised Series A financing of $8M<br />MIPS-funded study results presented at national medical meeting, Oct 07<br />PI: Bruce Greenwald, MD; UMB<br />
  12. 12. MIPS Impact Data (1987-2009)<br />Performance of the Top Products MIPS Research Has Contributed to:<br />
  13. 13. Maryland Technology Enterprise Institute · A. James Clark School of Engineering · University of Maryland<br />Web Site and Contact<br />MIPS Web site: www.mips.umd.edu<br />MTECH: www.mtech.umd.edu with links to other MTECH programs<br />Martha Connolly, MIPS Director<br />marthac@umd.edu; 301-405-3892<br />

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